Special Determination definition
Special Determination has the meaning specified in Section 2.05(b)(ii).
Special Determination means any determination of the Borrowing Base pursuant to Article IV or Section 8.11 other than a Periodic Determination.
Special Determination means any determination of the Borrowing Base pursuant to Section 4.3.
Examples of Special Determination in a sentence
Any Special Determination shall be made by Lenders in accordance with the procedures set forth in Section 2.05(b)(iii); provided, however, that the Borrower shall not be required to deliver an updated Engineering Report to the Administrative Agent and Lenders in connection with any Special Determination requested by the Administrative Agent.
Upon each designation of a new Borrowing Base on a Scheduled Determination or a Special Determination, the Administrative Agent shall notify the Borrower of the new Borrowing Base which designation shall take effect immediately on the date such notice is sent (each such date (including the Closing Date), a “Determination Date”) and shall remain in effect until, but not including, the next Determination Date.
For the avoidance of doubt, the parties hereto agree that such redetermination of the Borrower shall not constitute either a Scheduled Determination nor a Special Determination.
More Definitions of Special Determination
Special Determination means any determination of the Borrowing Base pursuant to Section 3.4.
Special Determination has the meaning given in Section 2.16(c).
Special Determination means any determination of the Borrowing Base pursuant to Section 3.
Special Determination means any determination of the Borrowing Base pursuant to SECTIONS 4.03 or 4.04.
Special Determination means “Special Determination” as defined in the RBL Credit Agreement or, in the event the RBL Credit Agreement is refinanced and/or replaced, the functionally equivalent term. “Specified Equity Contribution” means, with respect to any fiscal quarter for which the Issuer exercise their Equity Cure in respect of a Financial Covenant in accordance with Section 7A.01(b), the amount of cash equity contributions or cash proceeds from the issuance of the Issuer’s common equity, in each case, received by the Issuer during the applicable Cure Period for the purpose of exercising an Equity Cure for such fiscal quarter. “Specified Reserves Updates” as defined in Section 1.05(b). “Stated Maturity Date” means November 5, 2029. “Strip Price” means, as of any date of determination, (a) for each remaining month of the current calendar year, the monthly NYMEX Pricing for the remaining contracts in the current calendar year, (b) for each of the succeeding five (5) complete calendar years, the monthly NYMEX Pricing, in each case, for each of the twelve (12) months in each such calendar year, and (c) for the succeeding sixth complete calendar year, and for each calendar year thereafter, the annual monthly average of the NYMEX Pricing of the preceding fifth (5th) calendar year; provided, however, in the event that the NYMEX no longer provides
Special Determination as defined in the RBL Credit Agreement or, in the event the RBL Credit Agreement is refinanced and/or replaced, the functionally equivalent term. “Specified Equity Contribution” means, with respect to any fiscal quarter for which the Issuer exercise their Equity Cure in respect of a Financial Covenant in accordance with Section 7A.01(b), the amount of cash equity contributions or cash proceeds from the issuance of the Issuer’s common equity, in each case, received by the Issuer during the applicable Cure Period for the purpose of exercising an Equity Cure for such fiscal quarter. “Specified Reserves Updates” as defined in Section 1.05(b). “Stated Maturity Date” means November 5, 2029. “Strip Price” means, as of any date of determination, (a) for each remaining month of the current calendar year, the monthly NYMEX Pricing for the remaining contracts in the current calendar year, (b) for each of the succeeding five (5) complete calendar years, the monthly NYMEX Pricing, in each case, for each of the twelve (12) months in each such calendar year, and (c) for the succeeding sixth complete calendar year, and for each calendar year thereafter, the annual monthly average of the NYMEX Pricing of the preceding fifth (5th) calendar year; provided, however, in the event that the NYMEX no longer provides
Special Determination has the meaning set forth in Section 2.8(c). “Specified Mergers” has the meaning set forth in the Recitals. “Specified Hedging Compliance Date” has the meaning set forth in Section 7.15. “Specified Syndication Date” means the first date on which (a) five (5) or more Lenders are party to this Agreement and (b) no Lender has an Applicable Percentage in excess of 30%. “Stated Maturity Date” has the meaning set forth in the definition of “Maturity Date”. “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Borrower. “Successor Rate” has the meaning set forth in Section 3.3(b). “Supported QFC” has the meaning set forth in Section 12.29. “Swap Obligations” means, with respect to any Loan Party, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. “Tax Return” means any return (including any information report), report, statement, schedule, notice, form, or other document or information filed with or submitted to, or required to be filed with or submitted to, any Governmental Authority in connection with the